Somerset Academy Of Las Vegas

Organization Overview

Somerset Academy Of Las Vegas is located in Las Vegas, NV. The organization was established in 2015. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2021, Somerset Academy Of Las Vegas employed 910 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerset Academy Of Las Vegas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Somerset Academy Of Las Vegas generated $79.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $78.0m during the year ending 06/2021. While expenses have increased by 17.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SOMERSET ACADEMY OF LAS VEGAS IS A COLLEGE PREPARATORY CHARTER SCHOOL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTIVE SCHOOL ACCOUNT - GENERAL, NON-GRANT, INSTRUCTIONAL INCOME AND EXPENSES AS DETERMINED BY STUDENT POPULATION AND CAMPUS


SPECIAL EDUCATION - EXPENSES ASSOCIATED WITH SPECIAL EDUCATION, IN ADDITION TO THE GENERALIZED EXPENSES COVERED BY THE OPERATING ACCOUNT


STUDENT GENERATED FUNDS - ACTIVITIES INCLUDE AFTERCARE, CLUBS, CAMPUS VENDING MACHINES, CONCESSION OPERATED BY STUDENT AND FACILITY VOLUNTEERS, AND OTHER ORGANIZED SCHOOL ACTIVITIES.


NATIONAL SCHOOL LUNCH PROGRAM (NSLP)


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $78,508,205
All other contributions, gifts, grants, and similar amounts not included above$624,945
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$79,133,150
Total Program Service Revenue$457,822
Investment income $3,568
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $79,621,443

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Somerset Academy Of Las Vegas has recieved totaling $9,845.

Awarding OrganizationAmount
Speedway Childrens Charities

Concord, NC

PURPOSE: EDUCATIONAL

$9,845
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Kipp Bay Area Schools
Oakland, CA
$112,257,587
Somerset Academy Of Las Vegas
Las Vegas, NV
$79,621,443
High Tech High
San Diego, CA
$76,672,129
Menlo School
Atherton, CA
$64,317,000
Oaks Christian School
Westlake Village, CA
$62,594,014
Summit Public Schools
Redwood City, CA
$55,546,203
El Camino Real Alliance
Woodland Hills, CA
$53,776,806
Milken Community Schools
Los Angeles, CA
$40,537,524
Windward School
Los Angeles, CA
$41,804,232
Orange County School Of The Arts
Santa Ana, CA
$49,463,330
Inner City Education Foundation
Los Angeles, CA
$41,820,831
Crystal Springs Uplands School
Hillsborough, CA
$40,020,241

Create an account to unlock the data you need.

or